Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Biden if he were to win the 2024 election.

Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House.

Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.

Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China’s growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.

Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would “knock out” what he referred to as “TPP Two” immediately upon taking office.

  • ganksy@lemmy.world
    8·
    1 year ago

    TPP had some serious negatives for the US but did more to make the world less China-centric than anything in the last 30yrs. All the smaller Asian countries (and Australia)on board stood to benefit from increased manufacturing. Would have done wonders to decentralize reliance on China.There were probably less things in the TPP for China to like than western leaning countries. Killing it was a gift to them.